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 ref # 768

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R 3 800 000 (222 873 EUR*)

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± 3611m2
R 8616  / m

This lucrative office building is beautifully positioned on a main road in Springs Central.

Due to its lower rate per square meterage and very high vacancy rate, the current actual collection on this office block is +/-R53000 pm excluding usage. With an overall potential income of +/-R200000 per month.

All utilities are fully recoverable.

Yields @16%

Typology:

30% of the total Gross lettable area, makes up communal areas. (+/- 1083m2)

70% of total Gross lettable area is divided amongst 156 units ( variations of m2 per office unit -/+ 2528m2)

Spacious basement parking available.

Financial summary- Matchbox Calculation Cap rate valuation: Potential Asset value

@13% R4 615 384

@14% R 4 285 714

@15% R 4 000 000

@16% R 3 750 000

@17% R 3 529 411

@18% R 3 333 333

Due diligence items are available once offer is in place.



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